ALBANY — The New York pension fund for state and local government workers has topped $160 billion after reporting a 10.4 percent return on investment for its last fiscal year.
State Comptroller Thomas DiNapoli, the fund's trustee, says the estimated value was $160.4 billion at the end of March, an all-time high for the fund that pays benefits to 400,000 retirees and beneficiaries. He says the fund restored $44 billion lost during the recession starting in 2008.
The fund has 36 percent of assets in domestic stocks, returning 14.5 percent for the year, and nearly 14 percent in international equities, returning 9.5 percent.
DiNapoli says those stocks are "well positioned for growth as the financial markets continue to gain strength."